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-2- <br /> <br /> Section 7. That the Clerk of this Council be and he is hereby directed <br />to deliver a certified copy of this resolution to the Director of Finance of <br />this City° <br /> <br /> Section 8. That p~rsuant to Section 3 of Article XIV of the Charter of <br />the City of Lakewood~ the Director of Finance of this City be and he is hereby <br />authorized and directed to prepare and file with this Council the estimated <br />assessments of the cost of the improvement described in this resolution. When <br />such estimated assessments have been so filed, said Director of Finance shall <br />cause notice of the adoption of this resolution and the filing of said estimated <br />assessments to be served on the owners of all lots and lands to be assessed as <br />provided in Section 4 of said Article XIV. <br /> <br /> Section ~. That the assessments to be levied shall be paid in ten (10) <br />semi.annual installments, with interest on deferred payments at the same rate <br />as shall be borne by the bonds to be issued in anticipation of the collection <br />thereof which is now estimated at three and three-quarters per centum per <br />annum~ provided, that the owner of an~ property assessed may, at his option, <br />pay such assessment in cash within thirty d~ys after passage of the assessing <br />ordinance. <br /> <br /> Section lo. That bonds of the City shall be issued in anticipation of <br />the collection Of assessments by installments and in an amount equal thereto <br />and notss of said City shall be issued in anticipation of the issuance of such <br />bonds and the levy of such assessments. <br /> <br /> Section ll. That the remainder of the entire cost of said improvement~ <br />after application of the assessments herein provided~ shall be paid by the <br />issuance of bonds in the manner provided by lawo <br /> <br /> Section 12. This resolution, having been determined to be an emergency <br />measure, shall be in full force and effect from and immediately after its <br />passage and approval by the N~yor. <br /> <br />Adopted:~ February 17, 196~______._~_ John Gaydos, <br /> PreSident of Council <br /> <br />Approved:~__February 21, 1964 Mary Adams <br /> Acting Clerk ofcouncil <br /> <br />RobertM, La~:~e,r <br /> Mayor <br /> <br /> <br />